Daily Archives: June 15, 2020

Megha Engineering (MEIL) will invest Rs 500 crore to set up defence manufacturing unit

Hyderabad based infrastructure giant Megha Engineering and Infrastructures Limited (MEIL) Monday announced its foray in the country’s defence sector as Prime Minister Narendra Modi’s government seeks to reduce the country’s dependence on imported weapons by involving private defence companies. MEIL invest Rs 500 crores on new defence manufacturing unit near Hyderabad.